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Tuesday, May 19, 2015

Global Market Rally - US Breakout Gains Traction - Sell Put Spreads


One Option Trading Blog http://ift.tt/1Fx20HA Posted 9:30 AM ET - Yesterday, the market inched higher and we saw follow-through buying. The breakout has been confirmed and stocks are moving higher this morning. China was up 3% and Europe was up 1.5% overnight. We are likely to see a light volume rally this week. Don't look for massive gains, just a steady grind higher. This environment is perfect for selling put credit spreads. Distance yourself from the action and take advantage of time decay. I still don't trust this rally. The path of least resistance is up and we are in a news vacuum the next two …

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